The S&P 500 Index ($SPX) (SPY) today is up +0.85%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.37%. June E-mini S&P futures (ESM25) are up +0.90%, and June E-mini Nasdaq futures (NQM25) are up +1.25%.
Stock indexes are trading higher today, with the S&P 500 and Dow Jones Industrials posting 4-week highs and the Nasdaq 100 posting a 5-week high. Positive earnings results from Microsoft and Meta Platforms are boosting the overall market today. Microsoft is up more than +9% after reporting stronger-than-expected Q3 sales and profit growth. Meta Platforms is up more than +5% after reporting better-than-expected Q1 sales. Stocks also found support today after the 10-year T-note yield fell to a 3-1/2 week low when US weekly unemployment claims rose more than expected, a dovish factor for Fed policy.
